Indian insurers are opposing new rules for executive pay. The regulator wants to link compensation to customer service, not just profits. Insurers argue a one-size-fits-all approach won’t work for all companies. They seek flexibility in setting performance goals. This comes amid increased scrutiny of claims and customer service.
Hindalco shares rise 2% on Novelis’ upbeat commentary; US arm reports $84 million net loss
Hindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash flow hit